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EAC monetary UNION

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mufasa		#1 Posted : Monday, May 10, 2021 2:53:25 PM
Rank: Member Joined: 4/15/2008 Posts: 199		What is the likelihood of EAC achieving a monetary union by 2024 given the way different regimes are pulling esp with regards to taxation. Establishment of a stable Monetary Union requires a strong institutional framework to monitor and enforce convergence but this too is looking elusive. looking at the forex market of these 6 countries and the business between the countries, it seems likely that we can get a monetary union. However, it seems to be a case of the body is willing But the spirit is weak. what's your take? Do it today! Tomorrow is promise to no-one.
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Ericsson		#2 Posted : Monday, May 10, 2021 4:27:43 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI		mufasa wrote: What is the likelihood of EAC achieving a monetary union by 2024 given the way different regimes are pulling esp with regards to taxation. Establishment of a stable Monetary Union requires a strong institutional framework to monitor and enforce convergence but this too is looking elusive. looking at the forex market of these 6 countries and the business between the countries, it seems likely that we can get a monetary union. However, it seems to be a case of the body is willing But the spirit is weak. what's your take? We are still far from a monetary union. The exchange rates of the member countries to each other is also an issue. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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sparkly		#3 Posted : Thursday, May 13, 2021 4:40:11 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		mufasa wrote: What is the likelihood of EAC achieving a monetary union by 2024 given the way different regimes are pulling esp with regards to taxation. Establishment of a stable Monetary Union requires a strong institutional framework to monitor and enforce convergence but this too is looking elusive. looking at the forex market of these 6 countries and the business between the countries, it seems likely that we can get a monetary union. However, it seems to be a case of the body is willing But the spirit is weak. what's your take? Anything is possible since Suluhu is playing ball. Life is short. Live passionately.
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